OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman Sells 20,000 Shares

OneMain Holdings, Inc. (NYSE:OMF - Get Free Report) CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the transaction, the chief executive officer now owns 323,925 shares of the company's stock, valued at approximately $17,025,498. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

OneMain Trading Up 2.1%

Shares of OneMain stock traded up $1.12 during midday trading on Thursday, reaching $53.66. The company had a trading volume of 902,442 shares, compared to its average volume of 1,052,762. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 0.46 and a beta of 1.31. The stock has a fifty day simple moving average of $49.91 and a 200 day simple moving average of $51.54. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 11.06% and a return on equity of 19.30%. OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. Sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

Hedge Funds Weigh In On OneMain

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC boosted its stake in OneMain by 24.3% in the first quarter. Voya Investment Management LLC now owns 111,702 shares of the financial services provider's stock valued at $5,460,000 after acquiring an additional 21,830 shares during the last quarter. Strs Ohio bought a new position in OneMain in the first quarter valued at approximately $1,616,000. Focus Partners Wealth boosted its stake in OneMain by 101.8% in the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider's stock valued at $427,000 after acquiring an additional 4,407 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider's stock valued at $21,634,000 after acquiring an additional 9,067 shares during the last quarter. Finally, Logan Capital Management Inc. boosted its stake in OneMain by 33.5% in the first quarter. Logan Capital Management Inc. now owns 145,171 shares of the financial services provider's stock valued at $7,096,000 after acquiring an additional 36,447 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Evercore ISI started coverage on shares of OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.